FD Calculator

Calculate your fixed deposit maturity value with quarterly compounding, the way most Indian banks compute it.

₹
%
Yr
Wealth Gain29%
Investment Amount

₹1,00,000

Est. Returns

₹41,478

Total Value

₹1,41,478

What is an FD Calculator?

A Fixed Deposit (FD) is a lump-sum investment held with a bank for a fixed tenure at a fixed interest rate. Indian banks typically compound FD interest quarterly, which slightly outperforms simple annual compounding for the same stated rate.

An FD calculator shows the exact maturity value you'd receive, letting you compare it against other low-risk options like RDs or PPF before locking in your money.

Why Compounding Frequency Matters

  • ✓Quarterly compounding earns marginally more than annual compounding at the same rate.
  • ✓Interest earned on an FD is fully taxable at your income slab rate.
  • ✓Premature withdrawal usually comes with a penalty and a lower effective rate.

Frequently Asked Questions

Is FD interest taxable?+

Yes, FD interest is added to your taxable income and taxed at your applicable income tax slab rate.

What happens if I break my FD early?+

Most banks apply a penalty (typically 0.5-1%) on the applicable interest rate for premature withdrawal.

Is FD better than RD?+

FD suits a lump sum you already have; RD suits building up savings through regular monthly deposits.